New Delhi: The government on Friday imposed a windfall gains tax of Rs 3/litre on the export of petrol, while reducing the levy on diesel to Rs 16.5/litre and aviation turbine fuel to Rs 16/litre effective May 16. The Finance Ministry, in a notification, said that the road and infrastructure cess will be nil on…
New Delhi: Japanese auto major Honda Motor Co will start introducing models tailored for the Indian market from 2028 and leverage its two-wheeler business to upgrade customers to passenger vehicles as part of rebuilding its automobile business, company Global CEO Toshihiro Mibe said on Thursday. The company has positioned India along with North America and…
Our Business Desk The viral claim that the Indian Rupee has fallen against the Pakistani, Bangladeshi, and Sri Lankan currencies is mathematically correct — but economically misleading. Currencies cannot be judged in isolation or through short-term bilateral movements alone. Macro-economics doesn’t work like a cricket scoreboard. Yes, the Indian Rupee has weakened marginally against the…
New Delhi: India has banned the export of sugar till September 30 this year, according to a government notification. The notification issued by the Directorate General of Foreign Trade (DGFT) on May 13 said this order does not apply to sugar being exported to the European Union and the US under the tariff rate quota…
Bhadohi/Fateshpur (UP): At least 33 people were killed on Wednesday after a powerful storm accompanied by heavy rains caused widespread damage in five districts of Uttar Pradesh, including Bhadohi, Fatehpur and Budaun, officials said. The officials said at least 16 persons have lost their lives in Bhadohi, nine in Fatehpur, five in Budaun, two in…
On the evening of May 10, in Hyderabad, the Prime Minister of India stood before the country and asked a question that no head of government asks lightly. He asked Indians to stop buying gold. Not forever, he said. Just for twelve months. Defer the jewellery. Skip the coin. Redirect that impulse toward something more…
Our Business Desk India has slipped to the sixth position among the world’s largest economies in nominal GDP terms, according to the International Monetary Fund’s April 2026 estimates, sparking debate over the country’s economic trajectory. Economists, however, maintain that the decline is largely technical and does not reflect a structural slowdown in the Indian economy.”…
Our Businessdesk India’s economic growth story over the past decade has quietly achieved an important structural milestone — the country is becoming significantly less oil-intensive. That means the economy today requires far less petroleum consumption to generate the same level of GDP compared to a decade ago. Oil intensity refers to the amount of oil…
New Delhi: Markets regulator Sebi on Wednesday proposed allowing mutual funds to use intraday borrowing lines for a wider range of cash management needs, including trade settlements, forex obligations and derivative margin payments, beyond just meeting redemption payouts. The proposal seeks to address operational challenges faced by asset management companies (AMCs) due to timing mismatches…
Lucknow: Prateek Yadav, the younger son of Samajwadi Party founder Mulayam Singh Yadav and a stepbrother of Akhilesh Yadav, died here on Wednesday, sources said. Prateek, 38, suddenly fell ill and was rushed to the civil hospital in the early hours of the day, but was declared dead at the hospital, the sources said. Although…
